Washington Trust Bancorp Inc. (WASH) Hits New 1-Year High at $41.51
Shares of Washington Trust Bancorp Inc. (NASDAQ:WASH) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $41.51 and last traded at $41.40, with a volume of 20,692 shares changing hands. The stock had previously closed at $41.29.
Separately, Compass Point raised their target price on Washington Trust Bancorp from $41.00 to $43.00 and gave the company a “buy” rating in a report on Tuesday, July 26th.
The company has a 50 day moving average price of $39.34 and a 200 day moving average price of $37.90. The stock has a market capitalization of $709.37 million and a P/E ratio of 16.63.
Washington Trust Bancorp (NASDAQ:WASH) last issued its quarterly earnings results on Monday, July 25th. The financial services provider reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by $0.02. Analysts expect that Washington Trust Bancorp Inc. will post $2.56 earnings per share for the current fiscal year.
In other news, SVP Mary E. Noons sold 4,000 shares of the business’s stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $38.75, for a total value of $155,000.00. Following the sale, the senior vice president now directly owns 6,232 shares in the company, valued at $241,490. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
An institutional investor recently raised its position in Washington Trust Bancorp stock. Schwab Charles Investment Management Inc. boosted its position in shares of Washington Trust Bancorp Inc. (NASDAQ:WASH) by 3.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,506 shares of the financial services provider’s stock after buying an additional 1,567 shares during the period. Schwab Charles Investment Management Inc. owned about 0.29% of Washington Trust Bancorp worth $1,917,000 as of its most recent SEC filing.
Washington Trust Bancorp, Inc (Bancorp) is a bank holding and financial holding company. The Company operates through two segments: Commercial Banking and Wealth Management Services. Its Commercial Banking segment includes commercial, residential and consumer lending activities; equity in losses of unconsolidated investments in real estate limited partnerships, mortgage banking, secondary market and loan servicing activities; deposit generation; merchant credit card services; cash management activities, and direct banking activities, which include the operation of automated teller machines (ATMs), telephone and Internet banking services, and customer support and sales.
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